Two-Unit Residential Income
2205 Ocoee Street Chattanooga, TN 37406
2205 Ocoee Street, Chattanooga, TN, 37406
$165,000
Pending
For Sale
$165,000
Pending
Duplex with two separate units, separate meters, and power available, currently needing rental-ready repairs.
Property Size1,576 SF
Days on Market476
Property Features for 2205 Ocoee Street
General Information
- Standard status
- Pending
- Size
- 1,576 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1930
Listing agency
Coldwell Banker Commercial Kinard Realty
(423) 284-3233
Listed by
Shawn Matthews · License #314204
(423) 284-3233
Source
Exitrealty
Added: Apr 2, 2025 Updated: Jul 20 at 10:24PM Checked: Jul 21 at 4:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Kinard Realty
Investment Insights
Based on property information with market context.
This two-unit duplex includes a one-bedroom unit on the right side and a two-story two-bedroom unit on the left side. The property has separate meters and power is currently on. The units are vacant and will require rental-ready repairs to bring them back to market.
The asset is located at 2205 Ocoee Street in Chattanooga, TN, and is described as being within the footprint of downtown Chattanooga.
As configured, the building provides two distinct residential layouts with separate utilities, offering straightforward separation for a buyer looking to renovate and re-lease both units.
The asset is located at 2205 Ocoee Street in Chattanooga, TN, and is described as being within the footprint of downtown Chattanooga.
As configured, the building provides two distinct residential layouts with separate utilities, offering straightforward separation for a buyer looking to renovate and re-lease both units.
Key Highlights
- Duplex built in 1930 with two separate units
- Right side is a 1‑bedroom unit
- Left side is a 2‑story 2‑bedroom unit
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.9k | $17.04 |
| − Vacancy | −$1.6k | −$1.02 |
| EGI | $25.2k | $16.02 |
| − OpEx | −$11.4k | −$7.21 |
| NOI | $13.9k | $8.81 |
1,576 SF · lease $17.04/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$221.0K
$193.4K – $257.9K
NOI $15,472 @ 7.0% cap · market cap 9.38%
Second Best
Apartment 5plus
$198.3K
$173.6K – $231.4K
NOI $13,884 @ 7.0% cap · market cap 8.41%
Theoretical Best
Office A
$348.1K
$304.6K – $406.1K
NOI $24,365 @ 7.0% cap · market cap 14.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with two separate units, separate meters, and power available, currently needing rental-ready repairs.
Where is this duplex located?
The property is located at 2205 Ocoee Street Chattanooga, TN.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Duplex built in 1930 with two separate units; Right side is a 1‑bedroom unit; Left side is a 2‑story 2‑bedroom unit
